Italy May Need More From Draghi as Debt Load Mounts

Italy’s best hope may again be the bond market’s favorite Italian: Mario Draghi. The nation’s mounting debt, coupled with a shrinking economy, is close to unsustainable, Ashoka Mody, a former deputy director at the International Monetary Fund, said yesterday in a telephone interview from New Del…

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Italy May Need More From Draghi as Debt Load Mounts